Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-3012022-07-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03171213 2022-07-01 2023-06-30 03171213 2021-07-01 2022-06-30 03171213 2023-06-30 03171213 2022-06-30 03171213 c:Director1 2022-07-01 2023-06-30 03171213 d:OfficeEquipment 2022-07-01 2023-06-30 03171213 d:OfficeEquipment 2023-06-30 03171213 d:OfficeEquipment 2022-06-30 03171213 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 03171213 d:FreeholdInvestmentProperty 2023-06-30 03171213 d:FreeholdInvestmentProperty 2022-06-30 03171213 d:CurrentFinancialInstruments 2023-06-30 03171213 d:CurrentFinancialInstruments 2022-06-30 03171213 d:Non-currentFinancialInstruments 2023-06-30 03171213 d:Non-currentFinancialInstruments 2022-06-30 03171213 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 03171213 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 03171213 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 03171213 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 03171213 d:ShareCapital 2023-06-30 03171213 d:ShareCapital 2022-06-30 03171213 d:RetainedEarningsAccumulatedLosses 2023-06-30 03171213 d:RetainedEarningsAccumulatedLosses 2022-06-30 03171213 c:FRS102 2022-07-01 2023-06-30 03171213 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 03171213 c:FullAccounts 2022-07-01 2023-06-30 03171213 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 03171213 2 2022-07-01 2023-06-30 03171213 e:PoundSterling 2022-07-01 2023-06-30 03171213 d:FreeholdInvestmentProperty d:PriorPeriodIncreaseDecrease 2022-07-01 2023-06-30 03171213 d:FreeholdInvestmentProperty d:PreviouslyStatedAmount 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 03171213









THIRD MILLENNIUM DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
THIRD MILLENNIUM DEVELOPMENTS LIMITED
REGISTERED NUMBER: 03171213

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

As restated
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
1,700
-

Investment property
 4 
911,947
911,947

  
913,647
911,947

Current assets
  

Debtors: amounts falling due within one year
 5 
4,750
13,598

Cash at bank and in hand
  
99,209
68,346

  
103,959
81,944

Creditors: amounts falling due within one year
 6 
(54,785)
(53,122)

Net current assets
  
 
 
49,174
 
 
28,822

Total assets less current liabilities
  
962,821
940,769

Creditors: amounts falling due after more than one year
 7 
(911,945)
(911,945)

  

Net assets
  
50,876
28,824


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
50,874
28,822

  
50,876
28,824

Page 1

 
THIRD MILLENNIUM DEVELOPMENTS LIMITED
REGISTERED NUMBER: 03171213
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M J Priest
Director

Date: 20 March 2024

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
THIRD MILLENNIUM DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Third Millennium Developments Limited is a limited liability company incorporated and domiciled in the United Kingdom. 
The address of its registered office is:
Waterfront One
Waterfront Business Park
Brierley Hill
West Midlands
DY5 1LX
The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 30 June 2023 (2022: year ended 30 June 2022).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
THIRD MILLENNIUM DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

  
2.5

Pensions

The company contributes to the personal pension scheme of certain employees. Contributions are recognised on the basis of amounts due to be paid, which are at the discretion of the director. The funds are held in a separately administered fund outside of the company.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
THIRD MILLENNIUM DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
2,200



At 30 June 2023

2,200



Depreciation


Charge for the year on owned assets
500



At 30 June 2023

500



Net book value



At 30 June 2023
1,700



At 30 June 2022
-

Page 5

 
THIRD MILLENNIUM DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022 (as previously stated)
875,302


Prior year adjustment
36,645


At 1 July 2022 (as restated)
911,947



At 30 June 2023
911,947

The 2023 valuations were made by the directors on the basis that there has been no material increase or decrease in the fair value of the freehold investment property, on an open market value for existing use basis.




Page 6

 
THIRD MILLENNIUM DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
-
13,598

Deferred taxation
4,750
-

4,750
13,598



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
799

Corporation tax
7,904
6,760

Other taxation and social security
526
1,541

Other creditors
11,169
11,169

Accruals and deferred income
35,186
32,853

54,785
53,122



7.


Creditors: Amounts falling due after more than one year

As restated
2023
2022
£
£

Other creditors
911,945
911,945

911,945
911,945



8.


Prior year adjustment

The prior year adjustment relates to an omission of costs relating to the acquisition of the freehold investment property. There is no change to the prior year profits or tax liabilities. 


9.


Pension commitments

The company has provided for a £25,000 contribution to the directors personal pension scheme. The amount charged in the profit and loss account amounts to £25,000 (2022: £Nil). Amounts due to the pension scheme at the year end included within accruals amount to £25,000 (2022: £Nil).

 
Page 7